Islamabad June 11 2022: Government in Budget for the fiscal year 2022-23 authorizes the National Database and Registration Authority, on its own motion or upon application by the FBR, to share its records and any information available or held by it, with the FBR, for broadening of the tax base or carrying out the purposes of the Ordinance.
The National Database and Registration Authority may submit proposals and information to the Board with a view to broadening the tax base,
NADRA can also identify in relation to any person, whether a taxpayer or not, income, receipts, assets, properties, liabilities, expenditures, or transactions that have escaped assessment or are under-assessed or have been assessed at a low rate, or have been subjected to excessive relief or refund or have been misdeclared or misclassified under a particular head of income or otherwise and the value of anything, if such value is at variance with the value notified by the FBR or the district authorities, as the case may be, or if no such value has been notified the true or market value.
FBR may use and utilize any information communicated to it by the National Database and Registration Authority and forward such information to an income tax authority having jurisdiction in relation to the subject matter regarding the information, who may utilize the information for the purposes of the Ordinance.
The National Database and Registration Authority may compute indicative income and tax liability of anyone by use of artificial intelligence, mathematical or statistical modeling or any other modern device or calculation method.
The indicative income and tax liability computed by the National Database and Registration Authority shall be notified by the FBR to the person in respect of whom such indicative income and tax liability has been determined, who shall have the option to pay the determined amount on such terms, conditions, installments, discounts, reprieves pertaining to penalty and default surcharge, and time limits that may be prescribed by the FBR.
